OIL RIG PARTS

Oil rig parts play a pivotal role in the exploration of both oil and gas. It is important to have an oil equipment procurement service that can support your oil exploration project. The oil industry is a cyclical and very unpredictable market to operate in as the Organization of Oil Exporting Countries (OPEC), non-cartel countries (Russia, Venezuela), political events, environmental factors, and the weather influence the forces of supply and demand.This leads to “boom or bust” cycles as the industry expands or contracts based on the pricing of oil and natural gas. Oilfield service companies operate in this market and provide down-hole guidance systems and specialized equipment to large multinational oil companies such as Shell Oil, ExxonMobil, and ChevronTexaco.

While the oil industry may be cyclical, the baseline of oil rig parts stay relatively the same except for technology upgrades and new oil drilling processes like Fracturing. Some of the main oil rig categories are as follows: There are oil rig part categories that are related to the type of platform used for drilling oil for both on-shore and off-shore applications. Some of those categories are:

Drilling Rig Components

Drilling rig components and oil rig parts come into play after an oil deposit is identified by the geologist and seismic & advanced 3D visualization techniques, wildcats are planned. The total depth of the well as well as the tubing and casing size are defined for the drilling rig.  There are many components that come into play when planning for the oil exploration for both on-shore and off-shore projects. There are some core components needed like the Rotary Table or Top Drive that provides the RPM’s for the entire drillstring and the drill bit. Next is the circulating system that relates to the pump that uses hydraulic power to pump all of the drilling fluid through the drillstring back up to the surface. These pumps could be Duplex, Triplex or Quadplex mud pumps. The hoisting and lifting system is used to raise and lower the drillstring into the well which starts at the deadline anchor point and finishes at the drawworks. Below is a list of Drilling Rig Components used in the drilling process: